Advanced Plant Pharmaceuticals, Inc. Completes $500,000 Private Placement; Working Capital Helps Expand Marketing Initiatives.Business Editors/Health/Medical Writers NEW YORK--(BUSINESS WIRE)--Oct. 16, 2003 Advanced Plant Pharmaceuticals, Inc. (APPI APPI American Psychiatric Publishing, Inc. APPI American Psychiatric Publishing Inc. APPI American Psychiatric Press, Inc. APPI Atmospheric Pressure Photoionization APPI Advanced Peer-to-Peer Internetworking APPI Advanced Plant Pharmaceuticals Inc. ), a company that utilizes whole plants through a proprietary (patent pending) manufacturing process to develop all-natural Whole Plant Pharmaceuticals and Nutritionals, is pleased to announce that the company has already received the outstanding balance of $200,000 of a previously announced financing commitment of $500,000 from a private investor. The private placement was at a fixed price per share. This financing provides the working capital to pursue the company's business plan on a broad front, protecting the intellectual property of the company's products by building a portfolio, establishing marketing partners with domestic and international experts and conducting clinical studies on Lo-Chol with the goal of obtaining a disease claim approval for the lowering of cholesterol to enhance APPI's marketing. Another example of APPI's increased activity in building sales momentum for its products is the recently announced agreement with Ed McMahon Edward "Ed" Peter Leo McMahon, Jr. (born March 6, 1923) is an American comedian, game show host, announcer and television personality most famous for his work on television as Johnny Carson's announcer on Who Do You Trust? from 1957 to 1962 and on the Tonight Show as spokesperson for a series of infomercials for Lo-Chol to be aired in the near future. The signing of Mr. McMahon supplements the current Lo-Chol telemarketing campaign. Mr. McMahon, veteran of the popular "The Tonight Show" with Johnny Carson
Lo-Chol(TM) is a cholesterol-lowering supplement that has shown through human clinical studies to improve HDL/LDL ratio's and reduce overall cholesterol. Lo-Chol(TM) is a unique, proprietary supplement that is produced utilizing APPI's patent pending "Whole Plant" process which develops whole plant pharmaceuticals and nutritionals (http://www.uspto.gov). In 2002, sales of cholesterol drugs exceeded $17 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Decision Resources, a Waltham, Mass.-based pharmaceutical industry research firm. According to the American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. (www.americanheart.org), it is estimated that 102.3 million American adults have total blood cholesterol values of 200 mg/dl and higher, and about 41.3 million American adults have levels of 240 or above. In adults, total cholesterol levels of 240 mg/dl or higher are considered high, and levels from 200 to 239 mg/dl are considered borderline-high. About Advanced Plant Pharmaceuticals, Inc. Advanced Plant Pharmaceuticals, Inc. (APPI) focuses on the research and development of plant-based dietary and health supplements. The Company has a patent pending process that utilizes whole plants to manufacture all natural dietary and health supplements. APPI uses this process to manufacture products, which the company distributes worldwide through various marketing and distribution contracts. Current products include Sinusol (homeopathic Homeopathic A holistic and natural approach to healthcare. Mentioned in: Ehlers-Danlos Syndrome homeopathic, adj allergy and nasal spray), Garlic, ABAVCA(TM) (immune system immune system Cells, cell products, organs, and structures of the body involved in the detection and destruction of foreign invaders, such as bacteria, viruses, and cancer cells. Immunity is based on the system's ability to launch a defense against such invaders. booster) and Lo-Chol(TM) (cholesterol-lowering supplement). Corporate website: www.appi.cc FORWARD LOOKING STATEMENTS: This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company. |
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